Principal Financial Group posts $781B assets under management

Principal Financial Group, Inc. filed a current report to provide an early look at its assets under management before releasing full quarterly earnings.

Rhea-AI Filing Summary

Principal Financial Group, Inc. filed a current report to provide an early look at its assets under management before releasing full quarterly earnings. As of December 31, 2025, total assets under management were $781.0 billion, with $593.9 billion managed by Principal Asset Management – Investment Management and $153.9 billion managed by Principal Asset Management – International Pension. The total includes $13.0 billion from operations in Investment Management that were disposed of in the fourth quarter of 2025.

For the quarter ended December 31, 2025, excluding those disposed operations, foreign currency translation, market performance, and other items not reported as net cash flow together produced an approximate 1.5% positive impact on beginning-period AUM. The company also highlights that periods of market dislocation can affect results given its exposure to small-, mid-cap, and international equity products, high-yield and preferred securities in fixed income, and emerging markets exchange rates.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What total assets under management did PFG report as of December 31, 2025?

As of December 31, 2025, Principal Financial Group (PFG) reported total assets under management of $781.0 billion across its businesses.

How are Principal Financial Group's AUM split by asset manager?

As of December 31, 2025, $593.9 billion was managed by Principal Asset Management – Investment Management and $153.9 billion by Principal Asset Management – International Pension.

Did Principal Financial Group include disposed operations in its AUM figure?

Yes. The $781.0 billion in assets under management includes $13.0 billion attributable to operations in Principal Asset Management – Investment Management that were disposed of in the fourth quarter of 2025.

What factors affected PFG's AUM in the quarter ended December 31, 2025?

Excluding the disposed operations, foreign currency translation, market performance, and other items not reported as net cash flow had an approximate 1.5% positive impact as a percentage of beginning-period AUM.

What risk exposures does PFG highlight for its asset management business?

Principal Financial Group notes exposure to small-, mid-cap, and international equity products, high-yield and preferred securities in fixed income, and exchange rate movement in emerging markets, which can be important during periods of market dislocation.

Why does Principal Financial Group file this AUM report before its earnings release?

The company files this report quarterly to disclose assets under management by asset manager in advance of its quarterly earnings release, and it plans to present the same AUM information again in its financial supplement for the quarter ended December 31, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/22/2026 - 04:03 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: January 22, 2026

(Date of earliest event reported)

PRINCIPAL FINANCIAL GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-16725	42-1520346
(State or other jurisdiction	(Commission file number)	(I.R.S. Employer
of incorporation)		Identification Number)

711 High Street, Des Moines, Iowa 50392

(Address of principal executive offices)

(515) 247-5111

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

¨ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§203.405 of this chapter) or rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

      Emerging growth company    ¨

¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock		PFG		Nasdaq Global Select Market

Item 7.01 Regulation FD Disclosure

This report is filed quarterly to disclose assets under management (“AUM”) by asset manager, prior to the availability of Principal Financial Group, Inc.’s (the “Company”) quarterly earnings release. The amounts presented herein will be consistent with the format of AUM by asset manager and presented again in such format within the Company’s financial supplement for the quarter ended December 31, 2025, when that document is posted to the Company’s investor relations web site on or about February 9, 2026.

As of December 31, 2025, the assets under management for Principal Financial Group were $781.0 billion, of which $593.9 billion is managed by Principal Asset Management - Investment Management and $153.9 billion is managed by Principal Asset Management - International Pension.

This total includes $13.0 billion attributable to operations disposed in the fourth quarter of 2025 in Principal Asset Management – Investment Management.

For the quarter ended December 31, 2025, excluding the aforementioned operations disposed, a combination of foreign currency translation, market performance, and other items not reported as part of the Company’s net cash flow, had an approximate 1.5% positive impact as a percentage of beginning period AUM.

During times of market dislocations and a wider dispersion of returns, it is important to note our exposure to small, mid-cap, and international products in equity AUM, high yield and preferred securities exposure in fixed income AUM, and exchange rate movement in emerging markets.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	PRINCIPAL FINANCIAL GROUP, INC.
	By:		/s/ Humphrey Lee
	Name:		Humphrey Lee
	Title:		Vice President – Investor Relations

Date: January 22, 2026